How to Make a Business Contract

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Make a business by writing a document that lists out the specifics of what services are being provided for a business and having an attorney look over the details to make sure the contract is binding. Make sure a business contract is legal with help from a business professor in this free video on business contracts.

Part of the Video Series: How to Open a Small Business
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Video Transcript

Hi. My name is John Niemira. I wanted to talk to you today about making a business contract. A business contract, there are a couple of different ways to do it, depending on the complexity of the contract. A simple verbal contract where you and a partner, or you and a customer agree upon something can be a binding contract. A written document is a much better way to develop a contract, to list out and document what you are going to provide for your service for your business, what you two agree on doing for each other for the amount of money or for whatever be the stipulation. Developing a contract, it's probably best to get an attorney involved in it. There are a couple of different contracts you can buy online; general contracts would work fine for a simple process. If it's for a money transaction, if it's for a business deal, if it's for anything more complicated than that, I think I would have it specified by an attorney to make sure it is binding, to make sure it is legal, and keep you out of trouble later if a problem happens. A good contract needs to be looked at by an attorney to make sure it is binding. If you need any more information on this subject or any other subject in the business field, my e-mail address is jniemira@gmail.com.

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